Laserfiche WebLink
0. <br />a <br />MORONEY, BEISSNER & CO.,INC. <br />INVESYMENT BANKERS <br />1300 BANK OF THE SOUTHWEST BUILDING <br />CAPITOL 2-1282 HouSTONJEXAS 77002 <br />July 8, 1968 <br />t <br />Mr. Knox Iskins <br />P. 0. Box 1218 <br />La Porte, Texas <br />Dear Knox: <br />The following items seem worthy of consideration in <br />the proposed changes to the City Charter of the City of La Porte. <br />Article 6 - I would like to suggest that we adopt <br />the general laws now applicable to the issuance of bonds, refunding bonds <br />or warrants and to make this in such a way that future amendments to state <br />statutes will be available to the City. I have asked Paul Phy with Baker, <br />Botts, Shepherd & Coates to draft this article and I will send you his <br />suggested draft as soon as it is received. <br />.I would like to suggest that the City change its <br />fiscal year from June 30 to September 30. This will conform to the report- <br />ing period used by various agencies that report on municipal credits. <br />With reference to Section 75, I raise the question, can <br />this be construed to mean that the Charter requires the City to place pro- <br />perty on the tax -roll at its I= market value. I realize that the state <br />statutes have been variously interpreted; however, it seems to me, here again, <br />the City might do well to simply adopt the state statutory provisions so <br />that if this statute is ever amended it will be applicable to La Porte and <br />,j not necessarily conflict with the La Porte Charter. <br />In going through the Charter I find specific reference <br />to sewer systems, electric systems and gas systems but no reference to <br />water systems, other than through a broad interpretation of the word <br />"utilities" which I am sure covers the situation; however, it may be better <br />to be more definitive. <br />Last, but not least, -I think the City should authorize <br />the employment of a City Manager and, through the Charter, extend to the <br />City Manager rather broad administrative authority. <br />If I can be of any help in any of these charter pro- <br />ceedings please feel free to call me. <br />With mar best personal regards, I am <br />Yours very truly, <br />Ernest L. Brown, r. <br />Vice President,`, <br />ELB:gr ' <br />